Iran Threatens to Attack Energy Infrastructure Across the Middle East

[Financial News]  Iran has escalated its warnings, threatening to attack energy infrastructure across the Middle East if its national security is not guaranteed. 
Iranian chief negotiator Mohammad Bagher Ghalibaf warned in a video released by Iranian state television on the 29th local time, "In areas where we cannot sell our oil, no one will be able to sell oil either, and if our security is not guaranteed, no infrastructure will remain safe."
The threat came as Iran awaited an official response from U.S. authorities to its plan, proposed last week, to reopen the Strait of Hormuz. Before the war, the strait was a key shipping route carrying about one-fifth of the world's gas and oil supplies.
Although airstrikes by both sides have recently subsided, vessels transiting the Strait of Hormuz, one of the world's major shipping lanes, remain targets of Iran. The United States claims that the strait is open, while Iran asserts control over it.
Iran's proposal calls for reopening the strait within seven days and resuming nuclear negotiations, provided that the U.S. military lifts its blockade of vessels bound for Iran, sanctions on oil sales are withdrawn, and a ceasefire in the region is restored. U.S. President Donald Trump dismissed the plan but said he expected additional talks between U.S. and Iranian negotiating teams to take place this week.


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